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M1-3 Zoned Lot For Sale
For Sale
$3,100,000
Pending

38-57-59 10 Streets, Long Island City, NY 11106

M1-3 zoned lot suitable for user or investor.

Property SizeContact for details
Lot Size0.10 Acres
Days on Market565

Property Features for 38-57-59 10 Streets

General Information

Standard status Pending
Lot size 0.10 Acres
Property subtype Land

Taxes and HOA fees

Annual Taxes $14,500

Amenities

Fenced
Listing Agency: RE/MAX Team
Listed By: Victor Weinberger · License #40WE0641759
Source: Evrealestate
Added: Feb 23, 2025 Changed: Sep 8 Last Checked: Sep 10 at 7:14AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Team

Investment Insights

Based on property information with market context.

The property consists of a 50 x 90 lot with M1-3 zoning, allowing for the construction of a 22,500 square foot building as of right. The site is located three blocks from the Queensborough (Ed Koch) Bridge and Manhattan, in an area with significant new construction. Currently, the property is occupied by two residential homes and a garage/warehouse. Property 1, located at 38-57 10th Street, comprises a 25 x 90 lot with a garage/warehouse in the front and a home in the rear. Property 2, located at 38-59 10th Street, also comprises a 25x90 lot and features a house in the front and a small house in the rear yard. This property is ideal for either a user or an investor. It is identified as Block 0474, Lots #8 and #9.

Key Highlights

  • M1‑3 zoning allows for as‑of‑right construction of a 22,500 SF building.
  • Asking price of only $137 per SF buildable.
  • Located just 3 blocks from the Queensborough (Ed Koch) Bridge and Manhattan.

Property Analytics

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Current Use

Industrial land

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Clothing & Fashion Store Cosmetic Store Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,316
Businesses Nearby

Demographics for 11106, NY

41,722
Population
21,681
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
46,358
Density / Sq Mi
$85,573
Median Household Income
$62,254
Median Earnings
$2,032
Median Rent
$639,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Industrial land - M1-3 zoned lot suitable for user or investor.
Where is this industrial land located?
The property is located at 38-57-59 10 Streets Long Island City, NY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: M1‑3 zoning allows for as‑of‑right construction of a 22,500 SF building.; Asking price of only $137 per SF buildable.; Located just 3 blocks from the Queensborough (Ed Koch) Bridge and Manhattan.
More about this property
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